Japan's Stock Market Drop
Is Seen as Deep-Rooted

TOKYO -- The current drop in Japanese stocks is more than just a knee-jerk reaction to Wall Street's problems overnight, said Jason James, a strategist at James Capel Pacific.

"Some of the problems in the U.S. are relevant in Japan, too," Mr. James said. Japanese news reports Tuesday morning suggested that Japanese high-technology companies, like their U.S. counterparts, could be facing deteriorating business conditions and...